FXPrimus Review 2020

FXPrimus Rated 4/5

FXPrimus Guide

FXPrimus are an online broker founded in 2009 offering Forex trading, and Social Trading trading.

FXPrimus are a global broker and have a head office in Cyprus.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of FXPrimus we break down the pros and cons. What FXPrimus are able to offer, what countries FXPrimus are available in. Who FXPrimus are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with FXPrimus

  • Regulated by: Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)
  • Headquarters Country : Cyprus
  • Foundation year 2009
  • Min Deposit : 100
  • Used by over 10,000 traders
  • FXPrimus is not available in the following countries : AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR,US, AU, SY, DZ, JP, EC.
Open FXPrimus's Website

Losses can exceed deposits

At the bottom of this review you can also learn about some pretty good alternatives to FXPrimus

With this review we hope to help you see if FXPrimus is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding FXPrimus that will help you get off to a good start in the world of online trading.

FXPrimus Review Table of Contents

FXPrimus what you should know

FXPrimus offer two ways to trade: Forex, Social Trading.

With FXPrimus you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with FXPrimus platform.

FXPrimus are able to accommodate various levels of traders whether you are experienced or a beginner.


Are FXPrimus safe?

When choosing a broker like FXPrimus the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2009, and in operation for 11 years FXPrimus have a head office in Cyprus.

FXPrimus is regulated. This means FXPrimus are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FXPrimus, this will be honored. If FXPrimus violate any regulatory rules their regulated status could be stripped.

Any payments funded to FXPrimus accounts by traders are held in a segregated bank account.

For added security FXPrimus use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with FXPrimus. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit FXPrimus

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker FXPrimus eToro XTB IC Markets
Year Established 2009 2006 2002 2007
Head Office Cyprus Cyprus, UK Poland Australia
Regulation Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ 12,000,000+ 250,000+ 60,000+
Negative balance protection No No Yes Yes
Guaranteed Stop Loss No No Yes No
Learn More Visit FXPrimus Visit eToro Visit XTB Visit IC Markets
Risk Warning Losses can exceed deposits 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk Losses can exceed deposits

FXPrimus Pros and Cons

What we like about FXPrimus

  • Used by over 10,000 traders
  • Established in 2009
  • Regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)
  • Min. deposit from $100

What we don't like about FXPrimus

FXPrimus Financial Regulation and Supervision in more detail

We have checked and FXPrimus is regulated and supervised by reputable organisations. You are able to check every FXPrimus supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with FXPrimus. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect FXPrimus traders and provide a safe trading environment.

FXPrimus is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as FXPrimus you should be sure they're legitimate online agent.

FXPrimus Awards

FXPrimus have won numerious industry awards over the 11 years they have been operating as a financial broker. We list the most notible awards and mentions for FXPrimus below.

  • Global Forex Awards Best Asian Forex Support 2019 Winner
  • Traders Fair Best Trading Service South Africa 2019 Winner
  • FXDailyInfo Best Forex Broker Europe 2019
  • Global Brands Best Forex Broker Asia 2019 Winner
  • Global Brands Most Trusted Broker Asia 2018 Winner
  • Traders Awards Best Forex Broker Vietnam 2018 2018 Winner
  • FxDailyInfo Awarded FXPrimus Best Customer Support Broker & Best Trading Platform 2018 Winner

FXPrimus General Fees

  • FXPrimus withdrawal fees varies on payment method
  • FXPrimus doesn't charge inactivity fees
  • FXPrimus does charge deposit fees
Broker FXPrimus eToro XTB IC Markets
Min Deposit 100 200 0 200
Withdrawl Fees Varies Yes varies No
Inactivity Fees No Yes No No
Deposit Fees Varies No No Varies
CFD Commission Fees No No Yes Yes

FXPrimus Commissions

  • FXPrimus doesn't charge commission on CFD instruments.

What can you trade with FXPrimus?

You can trade a wide variety of instruments with FXPrimus over 100 instruments infact.

If you are looking at trading currency pairs FXPrimus offer over 45 currency pairs.

Compare FXPrimus with eToro and XTB below.

Losses can exceed deposits

Broker FXPrimus eToro XTB IC Markets
Instruments Available 100 100 1,500 232
Platforms MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
FX / Currencies Visit FXPrimus Visit eToro Visit XTB Visit IC Markets
Forex pairs offered 45 50 50 65
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit FXPrimus Visit eToro Visit XTB Visit IC Markets
Commodities Offered 0 0 21 19
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs Visit FXPrimus Visit eToro Visit XTB Visit IC Markets
Stocks Offered 60 957 1696 100
UK Shares Yes Yes Yes No
US Shares Yes Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes

Trading on FXPrimus web platforms and other applications

FXPrimus offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

An FXPrimus IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

FXPrimus also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See FXPrimus's platforms

FXPrimus Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

FXPrimus Trading Accounts Offered :

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • STP account
  • Managed account
  • Islamic account

Can I try FXPrimus before I buy?

FXPrimus offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

FXPrimus withdrawl and funding methods.

FXPrimus offer the below funding payment methods. learn more about FXPrimus

  • Credit cards
  • Bank Transfer
  • Payoneer
  • Neteller
  • UnionPay
Broker FXPrimus eToro XTB IC Markets
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer Yes Yes Yes
Neteller Yes Yes Yes Yes

How can I start trading with FXPrimus?

When opening a trading account with FXPrimus, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FXPrimus trading platforms here.

Performing trades with FXPrimus

FXPrimus allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. FXPrimus allow you to execute a maxium trade of 80 lot. As FXPrimus offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As a nice bonus, FXPrimus are one of very few brokers that claim to have no requotes, so you don't have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the instruments.

FXPrimus Leverage and FXPrimus CFDs Explained

let's take a look at some of the basics of using FXPrimus leverage.

FXPrimus offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

FXPrimus leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the FXPrimus trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The FXPrimus leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

FXPrimus CFDs are typically used for short to medium term trades. For example FXPrimus intraday trading.

Limit Risk When Trading with FXPrimus Stop Loss, FXPrimus Stop Limit Orders

A stop-loss order is an order placed with a broker like FXPrimus to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at FXPrimus

To trade effectively with FXPrimus, it's important to get a have a good understanding of the FXPrimus trading tools and the markets.

FXPrimus offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with FXPrimus.

Take time to look around the FXPrimus platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at FXPrimus

FXPrimus support a wide range of languages including English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian

FXPrimus have a triple AAA grade support rating because they offer a wide range of languages, live chat, email and phone support.

FXPrimus customer service support multiple languages from all over the world. Having a broker that can hire people from various locations in the world who can better communicate with you in your local language is a huge advantage well trying to deal with issues.

Livechat Support at FXPrimus

We tested the FXPrimus live chat and it works well. We sent messages to FXPrimus livechat through their app and website and recieved a response within 3 minutes.

We tested communicating with FXPrimus support in multiple languages in multiple countries. FXPrimus where able to quickly resolve our customer issues.

Email Support at FXPrimus

We sent several emails to FXPrimus and answer times overall were excellent. The fastest response from FXPrimus was less than 2 minutes and the slowest response was 3 hours. Support response times may vary for you with FXPrimus, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from FXPrimus.

Phone Support at FXPrimus

We called FXPrimus and the call was answered very quickly. The call was answered in less than 1 minutes.

The FXPrimus phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual FXPrimus team by calling in varying languages. FXPrimus made an effort to make sure our queries were answered.

Overall great phone support from FXPrimus.

See how FXPrimus Support Compares Against Other Brokers

Broker FXPrimus eToro XTB IC Markets
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Learn More Visit FXPrimus Visit eToro Visit XTB Visit IC Markets
Risk Warning Losses can exceed deposits 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk Losses can exceed deposits

What you will need to open an account with FXPrimus

As FXPrimus is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore FXPrimus's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with FXPrimus you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.fxprimus.com/ on 12th August 2018.

Watch this FXPrimus Informational Video

Is FXPrimus A Good Broker?

We spent over 3 months examining FXPrimus in depth. Although FXPrimus are not perfect we found many really useful aspects with the overall offering from FXPrimus. Our personal experience of trading with FXPrimus was very good. Weighing up many points FXPrimus is a good broker.

  • FXPrimus have a good track record of offering Forex, Social Trading.
  • FXPrimus has a history of over 11 years.
  • FXPrimus has a reasonable sized customer support of at least 10.
  • FXPrimus are regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID). This means FXPrimus fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • FXPrimus have regulation from a Tier 1 reputable country.
  • FXPrimus has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • FXPrimus have an international presence in multiple countries. This includes local FXPrimus seminars and training.
  • FXPrimus are able to hire people from various locations in the world who can better communicate in your local language.

FXPrimus Risk Disclaimer

Losses can exceed deposits

FXPrimus not quite right?

Check out these FXPrimus Alternatives

We have spent years researching the best alternatives to FXPrimus. Click the links below to learn more.

If you feel some of the above FXPrimus are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of FXPrimus alternatives below.

Related FXPrimus Comparisons

If you would like to see how FXPrimus stands up against other brokers you can read some of our FXPrimus comparisons below. We compare side by side some of our top rated FXPrimus versus comparisons. Read some indepth FXPrimus VS pages below.

FXPRIMUS Frequently Asked Questions

Can I try FXPrimus before I buy?

FXPrimus offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do FXPrimus accept?

FXPrimus offer the following funding payment methods accept Credit cards, Bank Transfers, Payoneer, Neteller, Wire Transfer, among other payment methods.
Learn more here

Losses can exceed deposits

Is FXPrimus safe?

FXPrimus are considered safe as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID). Any payments funded to FXPrimus accounts by traders are held in a segregated bank account. For added security FXPrimus use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is FXPrimus trading good?

FXPrimus is considered good and reputable to trade with. FXPrimusFXPrimus is used by over FXPrimus active traders. FXPrimus offers Forex trading, and Social Trading trading. Minimum deposit with FXPrimus is mindeposit.

Is FXPrimus trading Legit?

FXPrimus was founded in Cyprus in 2009. FXPrimus has been facilitating trade on the financial markets for over 11 years. FXPrimus offers clients Forex trading, and Social Trading trading. All funds deposited to FXPrimus are held in segregated tier 1 bank accounts for security. FXPrimus is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) so can be considered legit.

Is FXPrimus a good broker?

FXPrimus is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) so can be considered a good broker.FXPrimus allows Forex trading, and Social Trading trading.

Is FXPrimus trustworthy broker?

FXPrimus can be considered trustworthy. All money funded to FXPrimus is placed into a segregated tier 1 bank account. this means your money in not held by FXPrimus directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also FXPrimus is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID).

What is the minimum deposit for FXPrimus?

The minimum deposit to trade with FXPrimus is 100.

How long do FXPrimus withdrawals take?

Withdrawing money from FXPrimus processing time varies but averages 2-5 days.

Is FXPrimus regulated?

FXPrimus is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID).

Is FXPrimus a market maker?

FXPrimus is a market maker. Stocks, currency and other commodities and instruments will be purchased by FXPrimus even if no buyer is lined up.

How can I start trading with FXPrimus?

When opening a trading account with FXPrimus, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FXPrimus trading platforms here.

Is my money safe with FXPrimus?

FXPrimus is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID). One of the most important criteria for traders when choosing a broker like FXPrimus is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FXPrimus, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is FXPrimus a con?

FXPrimus is regulated and well established having been in business for over 11 years. FXPrimus is definitely not a con.

Can you make money with FXPrimus?

Although traders have had great success with FXPrimus. Trading on the financial markets with FXPrimus is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does FXPrimus have fees?

FXPrimus withdrawal fees varies on payment method. FXPrimus doesn't charge inactivity fees. FXPrimus does charge deposit fees.

When was FXPrimus founded?

FXPrimus was founded in 2009.

How many people use FXPrimus?

FXPrimus is used by over 10000 registered traders.

What is FXPrimus Headquarters country?

FXPrimus has its head quarters office in Cyprus.

Does FXPrimus offer negative balance protection?

FXPrimus does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does FXPrimus offer guaranteed stop loss?

FXPrimus does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does FXPrimus allow scalping?

FXPrimus offers scalping.

Does FXPrimus allow hedging?

FXPrimus offers hedging.

Does FXPrimus offer CFD trading?

FXPrimus offers CFD trading.

Does FXPrimus offer STP?

FXPrimus offers STP trading.

How many people use FXPrimus?

FXPrimus is used by over 10000 traders.

Is FXPrimus an ECN broker?

FXPrimus offers ECN trading.

Does FXPrimus offer a demo account?

FXPrimus offers a demo account.

Does FXPrimus offer an Islamic account?

FXPrimus offers a Islamic accounts.

What are the funding methods for FXPrimus?

FXPrimus accept the following funding methods : Credit cards, Payoneer, Neteller, UnionPay, Bank Transfer.

FXPrimus review written by Andrew Blumer and Mark Hansen

We hope you found our review of the FXPrimus brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

FXPrimus review written by Mark Hansen of Comparebrokers.co